Monthly Archives: May 2016

Cadbury Nigeria’s Q1 revenue rise 6%

bournvita

Cadbury Nigeria Plc, makers of Bournvita, said revenue for the first quarter (Q1 2016) rose 6% to N7.1bn, from N6.7bn a year earlier.

Beer contains less sugar and fewer calories than other alcoholic beverages, says new study

beer

A new report in the UK, which looks at the health benefits of beer when compared to other alcoholic beverages confirms that, contrary to myth, that beer is low in sugar compared to other alcoholic beverages such as wines and spirits.

Coca-Cola creates new global structure, announces key management changes

Coca-Cola Company, on Tuesday, announced the creation of a new global structure meant to better align its operating units against its global bottling footprint. The beverage giant also announced a number of key management changes to its international leadership structure.

EU Anti-Trust Regulators clear the way for merger of AB InBev, SABMiller

beer

European Union Anti-Trust regulators, on Tuesday, said they have given their approval for the $108bn merger of two of the world’s biggest brewers, Anheuser-Busch InBev (AB InBev) and SABMiller.

However, the commission said the approval was contingent upon AB InBev divesting itself of SABMiller’s European assets.

Sugar shortages force Coca-Cola FEMSA to shut plant in Venezuela

coke-images

Coca-Cola FEMSA, the coke bottler in Venezuela said it was stopping production of sugar-sweetened beverages in the country due to shortage of sugar.

“Sugar suppliers in Venezuela have informed us that they will temporarily cease operations” Kerry Tressler, a spokeswoman for Coca-Cola, said in a released statement. “The company is talking with suppliers, government authorities and others to work on a solution.”

Nigerian Breweries targets 60% local sourcing of raw materials by 2018, says MD

Mr. Nicolaas-Vervelde

Nigerian Breweries Plc, said it is targeting 60% of local sourcing of raw materials by 2018. The brewer of Star Lager, Gulder Lager and Legend Extra Stout, among others said it currently sources 47.4% of its raw materials locally. It is projecting that by 2018, that number would go up to 60%, and then 99% by 2020, with the commitment of Heineken, its parent company.

Speaking to the press, the Managing Director of Nigerian Breweries, Mr. Nicolaas Vervelde, said the company is making progress with its partners – International Fertilizer development Centre (IFDC), and Psaltry International, a local processing company, on value extraction from cassava.

Investing to Win- Rahul Colaco, MD/CEO Friesland Campina Wamco

It’s an exciting time for Rahul Colaco. The year 2015 was a year of good bottom line performance for the company he leads – FrieslandCampina Wamco – Nigeria’s dairy giant. With the posting of 18.6 billion naira profit.

Colaco is convinced that the company’s consistent focus on strategy is bearing fruit. And that the dairy company is off to a good start for 2016 on the road to achieving its quite ambitious goals.

FrieslandCampina WAMCO profits rise 13.3% in full-year despite headwinds

FrieslandCampina WAMCO, the leading dairy company in Nigeria, said it sold N120.72bn worth of milk products in fiscal 2015. The company known for some of its iconic brands such as Peak milk, Three Crowns Milk, Friso Milk, among others disclosed this at its 43rd Annual General Meeting held on May 12 2016 in Lagos.

Beta Glass appoints new Directors

Beta Glass Plc, the glass container and metal crowns company based in Agbara and Dubai has appointed new directors to its board.

According to a statement released by the company to the Nigerian Stock Exchange:

Why do Nigerians Consume bitters?

In recent times, the Nigerian market has been flooded by all kinds of bitters and they enjoy high patronage among consumers. However, so much is not known about the origins and effects of these bitters on the body. The News Agency of Nigeria (NAN) conducted a qualitative survey of consumers all across Nigeria recently to get their take on why they consume bitters.

Some of them include Yoyo, Alomo, Orijin, Agbo, Action, Washing and Setting, Baby-Oku, Skelewu, Man-Power, Swedish, Goko Cleanser, Ruzu, kola nuts, bitter kolas as well as Chinese and India bitters, among others. Such bitters are sold in all manner of places which include markets, stores/department stores, supermarkets, highways, roadsides, buses/vehicles and more.